SOL SAT
ActiveSummary
SOL SAT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,847 and a net result of €27,435. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 66% of 34,650 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 0.3 FTE
- Equity
- €89,847
- Profit
- €27,435
Why 97raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.96, cash €34,649Founded in 2009Equity €89,847 (61.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 67% on solvency, 74% on liquidity, 78% on profitability and 71% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 109 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €27,435
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 57,662% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,695 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €9,779 | €38,426 | €51,626 | €53,846 | €17,711 | ▼ 67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €886 | €6,305 | €5,912 | €6,532 | €8,843 | €10,554 | €17,313 | €18,171 | ▲ 5.0% |
| Other operating charges640/8 | - | - | - | €684 | €994 | €860 | €1,257 | €1,209 | ▼ 3.9% |
| Gross operating margin9900 | €5,875 | €8,200 | €15,307 | €30,734 | €72,711 | €67,638 | €72,477 | €72,066 | ▼ 0.6% |
| Operating profit (loss)9901 | €4,553 | €1,260 | €8,820 | €13,740 | €24,447 | €4,597 | €61 | €34,975 | ▲ 57,662% |
| Financial income75/76B | - | - | - | €324 | €330 | €510 | €364 | €214 | ▼ 41.4% |
| Recurring financial income75 | €274 | €980 | €439 | €324 | €330 | €510 | €364 | €214 | ▼ 41.4% |
| Financial charges65/66B | - | - | - | €466 | €355 | €473 | €2,405 | €1,677 | ▼ 30.3% |
| Recurring financial charges65 | €120 | €455 | €518 | €466 | €355 | €473 | €2,405 | €1,677 | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €4,707 | €1,785 | €8,741 | €13,597 | €24,422 | €4,634 | -€1,981 | €33,512 | - |
| Income taxes67/77 | €1,908 | -€176 | €2,400 | €4,514 | €4,457 | €344 | - | €6,077 | - |
| Profit (loss) for the period9904 | €2,798 | €1,961 | €6,341 | €9,083 | €19,965 | €4,290 | -€1,981 | €27,435 | - |
| Profit (loss) for the period to be appropriated9905 | €2,798 | €1,961 | €6,341 | €9,083 | €19,965 | €4,290 | -€1,981 | €27,435 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €35,843 | €62,345 | €61,176 | €77,278 | €108,851 | €112,169 | €133,143 | €147,313 | ▲ 10.6% |
| Fixed assets21/28 | €843 | €21,464 | €16,812 | €20,499 | €22,905 | €20,191 | €64,000 | €54,302 | ▼ 15.2% |
| Tangible fixed assets22/27 | €843 | €21,464 | €16,812 | €20,499 | €22,905 | €20,191 | €64,000 | €54,302 | ▼ 15.2% |
| Land and buildings22 | - | - | - | €401 | €4,843 | €4,223 | €3,749 | €3,275 | ▼ 12.6% |
| Plant, machinery and equipment23 | - | - | - | €6,946 | €10,336 | €13,013 | €12,409 | €10,660 | ▼ 14.1% |
| Furniture and vehicles24 | - | - | - | €13,152 | €7,725 | €2,956 | €2,185 | €6,400 | ▲ 193% |
| Leasing and similar rights25 | - | - | - | - | - | - | €45,657 | €33,967 | ▼ 25.6% |
| Current assets29/58 | €35,001 | €40,881 | €44,364 | €56,779 | €85,946 | €91,978 | €69,142 | €93,011 | ▲ 34.5% |
| Stocks and contracts in progress3 | €1,500 | €5,000 | €950 | €735 | - | - | €1,020 | - | - |
| Stocks30/36 | - | - | - | €735 | - | - | €1,020 | - | - |
| Amounts receivable within one year40/41 | €13,589 | €16,407 | €27,376 | €38,170 | €68,574 | €68,229 | €55,457 | €51,714 | ▼ 6.7% |
| Trade receivables40 | - | - | - | €26,150 | €59,437 | €55,381 | €21,282 | €16,546 | ▼ 22.3% |
| Other amounts receivable41 | - | - | - | €12,020 | €9,136 | €12,848 | €34,175 | €35,168 | ▲ 2.9% |
| Cash at bank and in hand54/58 | €19,200 | €18,612 | €15,180 | €17,041 | €16,545 | €21,905 | €7,359 | €34,649 | ▲ 371% |
| Deferred charges and accrued income490/1 | - | - | - | €833 | €828 | €1,843 | €5,307 | €6,648 | ▲ 25.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €35,843 | €62,345 | €61,176 | €77,278 | €108,851 | €112,169 | €133,143 | €147,313 | ▲ 10.6% |
| Equity10/15 | €32,553 | €34,514 | €40,855 | €49,938 | €69,903 | €74,193 | €72,213 | €89,847 | ▲ 24.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,860 | €5,660 | €11,660 | €20,160 | €38,160 | €42,160 | €42,160 | €59,560 | ▲ 41.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €18,300 | €36,300 | €40,300 | €40,300 | €57,700 | ▲ 43.2% |
| Profit (loss) carried forward14 | €22,493 | €22,654 | €22,995 | €23,578 | €25,543 | €25,833 | €23,853 | €24,087 | ▲ 1.0% |
| Amounts payable17/49 | €3,291 | €27,831 | €20,321 | €27,340 | €38,948 | €37,976 | €60,930 | €57,466 | ▼ 5.7% |
| Amounts payable after more than one year17 | - | €17,975 | €12,747 | €7,421 | €1,997 | €625 | €46,282 | €33,967 | ▼ 26.6% |
| Financial debts170/4 | - | - | - | €7,421 | €1,997 | €625 | €46,282 | €33,967 | ▼ 26.6% |
| Amounts payable within one year42/48 | €3,291 | €9,856 | €7,575 | €19,919 | €36,951 | €37,351 | €14,648 | €23,499 | ▲ 60.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,325 | €5,425 | €943 | - | - | - |
| Trade debts44 | €1,852 | €4,335 | €289 | €11,395 | €16,111 | €14,546 | €7,919 | €2,900 | ▼ 63.4% |
| Suppliers440/4 | - | - | - | €11,395 | €16,111 | €14,546 | €7,919 | €2,900 | ▼ 63.4% |
| Taxes, remuneration and social security45 | - | - | - | €2,123 | €8,158 | €5,208 | €2,249 | €7,516 | ▲ 234% |
| Taxes450/3 | - | - | - | €2,014 | €7,907 | €4,940 | €399 | €7,432 | ▲ 1,762% |
| Remuneration and social security454/9 | - | - | - | €109 | €251 | €267 | €1,850 | €84 | ▼ 95.5% |
| Other amounts payable47/48 | - | - | - | €1,075 | €7,257 | €16,654 | €4,479 | €13,083 | ▲ 192% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,798 | €1,961 | €6,341 | €9,083 | €19,965 | €4,290 | -€1,981 | €27,435 | - |
| + Depreciation and write-downs630 | €886 | €6,305 | €5,912 | €6,532 | €8,843 | €10,554 | €17,313 | €18,171 | ▲ 5.0% |
| Operating cash flow (approximation) | €3,684 | €8,266 | €12,253 | €15,615 | €28,808 | €14,845 | €15,333 | €45,606 | ▲ 197% |
| Investment in fixed assets (approximation) | - | -€26,926 | -€1,260 | -€10,218 | -€11,249 | -€7,841 | -€61,123 | -€8,473 | ▲ 86.1% |
| Change in cash | - | -€588 | -€3,432 | €1,861 | -€497 | €5,361 | -€14,547 | €27,291 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-04-2026 | 2026-00077215 |
| 31-12-2024 | micro format | 06-05-2025 | 2025-00089632 |
| 31-12-2023 | micro format | 19-04-2024 | 2024-00066214 |
| 31-12-2022 | micro format | 24-03-2023 | 2023-00051328 |
| 31-12-2021 | micro format | 17-05-2022 | 2022-20032456 |
| 31-12-2020 | micro format | 30-03-2021 | 2021-09100151 |
| 31-12-2019 | micro format | 21-03-2020 | 2020-07300180 |
| 31-12-2018 | micro format | 06-03-2019 | 2019-06500323 |
| 31-12-2017 | micro format | 12-03-2018 | 2018-06700163 |
| 31-12-2016 | micro format | 03-04-2017 | 2017-08600449 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SATINET Marc |
|
| SATINET Tristan |
|
Owners and capital
Capital and shareholders
- 19-12-2023 Converted to unavailable equity
- 19-12-2023 Capital conversion · €1,860
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-12
Gazette deed
Resignations: SATINET Marc (manager) and SATINET Tristan (manager)Appointments: SATINET Marc (director) and SATINET Tristan (director) · Declaration · Proposal31 facts ▸
- General meeting, 07-12-2023
- Declaration, “statuts non modifiés depuis lors” (deed in French)
- Proposal, 1, “adapter statuts au Code des sociétés et des associations” (deed in French)
- Proposal, “distributions futures”, 2 (deed in French)
- Proposal, 3, “dispense de libération des apports non appelés” (deed in French)
- Proposal, 4, “permettre organe d'administration distributions sur dividendes” (deed in French)
- Proposal, 5, “modification de l'objet” (deed in French)
- Proposal, 6, “adoption nouveaux statuts en concordance CSA sans modification objet” (deed in French)
- Proposal, 7, “démission et renouvellement gérants comme administrateurs” (deed in French)
- Proposal, 8, “adresse du siège” (deed in French)
- Proposal, 9, “mission notaire coordination statuts et modifications BCE” (deed in French)
- Declaration, “convocations et quorum, pas lieu” (deed in French)
- +19 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0809.320.587
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52302A0647/00C005 | Wallonia | 190 m² | 1 · 62 m² | 9.4 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tout ce qui concerne l’HORECA; Le ramonage,le tubage de cheminées,l’installation,la réparation et l’entretien de chauffage…” (deed in French)
26 activities (deed in French)
- Tout ce qui concerne l’HORECA ;
- Le ramonage,le tubage de cheminées,l’installation,la réparation et l’entretien de chauffage central,chaudière,brûleur,poêle au mazout ;
- La réparation de cheminées ;
- Les travaux de plomberie ;
- Entreprise de démoussage de toitures,entreprise de ramonage de cheminées ;
- Entreprise d’installation d’échafaudages,de rejointoyage et nettoyage de façades ;
- Entreprise d’installation de chauffage,climatisation,gaz et panneaux photovoltaïques/thermiques ;
- Entreprise de toiture et d’étanchéité ;
- Entreprise de travaux d’égouts,de canalisations diverses ;
- Entreprise d’aménagement de plaines de jeux,de sports,de parcs et jardins ;
- Entreprise de terrassement,entreprise de travaux de drainage ;
- Entreprise de placement de clôtures ;
- Entreprise d’isolation thermique et acoustique ;
- Entreprise de ventilation,de chauffage à air chaud,de conditionnement d’air et tuyauteries industrielles ;
- Entreprise de placement de paratonnerres ;
- Entreprise de placement de ferronnerie ; volets et menuiseries métalliques et PVC ;
- Fabrication d’agglomérés,de ciment et de produits préfabriqués en ciment ou/et en béton ;
- Entreprise de garnissage de meubles non métalliques ;
- Entreprise de construction,réfection et entretien des routes ;
- Entreprise d’installation de sanitaires et travaux de plomberie ;
- Entreprise de zinguerie,réparation de toiture,réparation de cheminées ;
- Entreprise de revêtement de sols et murs ;
- Entreprise de vente de pièces en gros et en détail ;
- Vente de matériaux,article de poêleries,quincaillerie et tout article ayant rapport avec l’activité d’import-export ;
- Commerce du secteur vestimentaires,électrique et électronique ;
- La constitution et la valorisation d’un patrimoine immobilier et mobilier en vue de le faire fructifier à travers toute opération immobilière,achat,vente,location,promotion,leasing ainsi que tout investissement financier ;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SOL SAT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple décision de…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, assemblée qui nomme fixe nombre,durée mandat et en cas de pluralité pouvoirs” (deed in French)“Indépendamment frais de représentation,voyages et déplacements, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire, ouverture de la souscription” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)